MCAN Mortgage Correlations

MKP Stock

CAD 19.50 0.10 0.51%

The current 90-days correlation between MCAN Mortgage and Senvest Capital is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MCAN Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MCAN Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MCAN Mortgage Correlation With Market

Good diversification

The correlation between MCAN Mortgage and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCAN Mortgage and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MCAN Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCAN Mortgage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MCAN Mortgage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MCAN Mortgage to buy it.

Related Correlations Analysis

	SEC	FFH-PH	BMO-PE	BMO	RY-PS	RY	FFH-PC	NA
SEC		-0.05	-0.41	-0.68	-0.39	-0.61	-0.23	-0.63	SEC
FFH-PH	-0.05		0.5	0.46	0.5	0.47	0.86	0.59	FFH-PH
BMO-PE	-0.41	0.5		0.79	0.88	0.68	0.74	0.8	BMO-PE
BMO	-0.68	0.46	0.79		0.78	0.81	0.71	0.9	BMO
RY-PS	-0.39	0.5	0.88	0.78		0.69	0.79	0.77	RY-PS
RY	-0.61	0.47	0.68	0.81	0.69		0.65	0.92	RY
FFH-PC	-0.23	0.86	0.74	0.71	0.79	0.65		0.76	FFH-PC
NA	-0.63	0.59	0.8	0.9	0.77	0.92	0.76		NA
	SEC	FFH-PH	BMO-PE	BMO	RY-PS	RY	FFH-PC	NA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NA	+ 0.92	RY
NA	+ 0.9	BMO
RY-PS	+ 0.88	BMO-PE
FFH-PC	+ 0.86	FFH-PH
RY	+ 0.81	BMO
NA	+ 0.8	BMO-PE

High negative correlations

BMO	- 0.68	SEC
NA	- 0.63	SEC
RY	- 0.61	SEC
BMO-PE	- 0.41	SEC
RY-PS	- 0.39	SEC
FFH-PC	- 0.23	SEC

Risk-Adjusted Indicators

There is a big difference between MCAN Stock performing well and MCAN Mortgage Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MCAN Mortgage's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEC	0.21	(0.01)	(0.09)	(0.26)	0.42	(1.72)	0.76	(0.91)	5.31
FFH-PH	0.73	0.23	0.13	2.37	0.38	(1.11)	1.58	(1.02)	9.73
BMO-PE	0.25	0.04	(0.22)	(0.96)	0.20	(0.31)	0.74	(0.47)	2.22
BMO	0.75	0.15	0.06	0.43	1.15	(0.79)	1.75	(1.11)	7.40
RY-PS	0.26	0.04	(0.25)	(0.69)	0.24	(0.29)	0.76	(0.52)	1.53
RY	0.60	0.17	0.12	1.08	0.31	(0.79)	1.70	(0.82)	4.18
FFH-PC	0.60	0.19	0.13	2.63	0.22	(0.77)	1.74	(1.01)	5.70
NA	0.57	0.21	0.17	2.23	0.25	(0.72)	1.17	(0.65)	8.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in MCAN Mortgage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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MCAN Mortgage Corporate Management

Elected by the shareholders, the MCAN Mortgage's board of directors comprises two types of representatives: MCAN Mortgage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MCAN. The board's role is to monitor MCAN Mortgage's management team and ensure that shareholders' interests are well served. MCAN Mortgage's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MCAN Mortgage's outside directors are responsible for providing unbiased perspectives on the board's policies.

ICDD CPA	CEO Pres	Profile
Santokh Birk	Chief Officer	Profile
Michelle Liotta	Vice Resources	Profile
Nazeera Khan	VP Officer	Profile
Milica Pejic	VP Officer	Profile
Peter Ryan	Interim Officer	Profile

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